Stocks
Nifty, Sensex, Bank Nifty weak – Tuesday closing report
If Nifty goes below 8,480, it will head towards 8400
 
We had mentioned in Monday’s closing report that NSE’s CNX Nifty may turn weak if it closes below 8,540. Up to 2.20pm Tuesday, the 50-stock index moved close to Monday’s closing. However, after this, it lost its strength, slid lower to hit a four-day (including today) low, and closed near to this level.
 
 
India VIX rose 0.92% to close at 15.0975. NSE recorded a volume of 88.07 crore shares.
 
Lower-than-expected first-quarter results and the logjam on the first day of Parliament's monsoon session dampened the sentiments in the Indian equity markets. The wider 50-scrip Nifty closed down 74 points or 0.86% at 8,529.45 points.
 
The 30-stock Sensex, which opened at 28,381.82 points, closed at 28,182.14 points, down 237.98 points or 0.84% from the previous day's close at 28,420.12 points.
 
Major results like Infosys, HDFC Bank, Sun Pharma and Hindustan Unilever released on Tuesday had the biggest impact on stock- or sector-specific indices.
 
Investors were also anxious about the ability of the government to pass key bills like Goods and Services Tax (GST) and land bill during the monsoon session.
 
Major Sensex gainers during Tuesday's trade were: Infosys, up 11.05% at Rs.1,112.65; Bharti Airtel, up 3.68% at Rs.445.25; Wipro, up 1.69% at Rs.577; Hero MotoCorp, up 1.10% at Rs.2,690; and Bajaj Auto, up 0.99% at Rs.2,544.60.
 
The major Sensex losers were: Sun Pharma, down 14.95% at Rs.805.30; Vedanta, down 4.74% at Rs.136.60, Lupin, down 4.68% at Rs.1,886.05, ONGC, down 3.56% at Rs.281.35; and Tata Steel, down 3.29% at Rs.274.65.
 
The top gainers and losers of major indices are given in the table below:
 
 
The S&P BSE healthcare index plunged by 1,061.48 points, bank index lost by 361.90 points, capital goods index receded by 224.85 points, oil and gas index was lower by 176.25 points and the FMCG index fell by 133.04 points.
 
Bucking the trend, however, were the information technology (IT) and technology, entertainment and media (TECK) sectors, which made healthy gains. The S&P BSE IT index rocketed up by 489.20 points and TECK index soared by 232.72 points.
 
Among the Asian markets, Japan's Nikkei was up by 0.93%, China's Shanghai Composite Index rose by 0.66%, and Hong Kong's Hang Seng gained by 0.52%.
 
The closing values of Asian indices were:
 
 
All the European indices were marginally in the red.
 

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Videocon d2h adds Star Movies Select HD and Fox Life HD in its bouquet
With the addition of two new channels, Videocon d2h now has a bouquet of 37 HD channels
 
NASDAQ listed Videocon d2h said it added two high-definition (HD) premium English channels, Star Movies Select HD and Fox Life HD, taking number of its HD bouquet to 37 channels.
 
"Videocon d2h's substantial offer of wide range of HD channels is a testimony to that endeavour. We remain committed to expanding Videocon d2h's channel offerings and content as a means to providing a superior viewing experience to our customers, augmented by innovative technology and the best customer service. It is a simple plan that we believe will result in a major upgrade for India's TV viewing public, “says Saurabh Dhoot, Executive Chairman of Videocon d2h. 
 
Videocon d2h will begin to offer the STAR MOVIES SELECT HD (Ch No. 258) which will premiere two new films not previously released in India each month, in addition to airing a new movie every day. Additionally, FOX LIFE HD (Ch No. 468) features a slate of scripted and non-scripted content that is inspired by real life as well as appealing and appropriate for the entire family, the company said in a release.
 
Anil Khera, CEO of Videocon d2h, said, "Videocon d2h has been extremely aggressive and innovative when it comes to technology upgrades, new content offerings and launching new services all in an effort to keep ahead of current industry trends. Fox Life HD with multiple audio feeds and Star Movies Select HD are two premium HD channels that bring even more quality content to our subscribers resulting in a superior viewing experience." 
 
Videocon d2h plans to continue to add more HD channels shortly, with the goal of carrying 50 HD channels for its subscribers to enjoy.
 

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COMMENTS

Nishesh Jambudi

2 years ago

It is good investment ? to buy stock in USA ?

SEBI bars Aspen Nirman, directors from markets
SEBI found that Aspen Nirman India collected over Rs33 lakh by issuing NCDs to 167 investors between 2011-12 and 2013-14
 
Market regulator The Securities and Exchange Board of India (SEBI) has prohibited Aspen Nirman India Ltd and its directors from raising money from investors through issuance of securities for violating public issue norms.
 
SEBI found that Aspen raked in over Rs33 lakh by issuing non-convertible debentures (NCDs) to 167 investors between 2011-12 and 2013-14. The company, through such activities, violated various norms, SEBI said.
 
The regulator observed that allotment of NCDs by the firm was a public issue, which under the rules require a compulsory listing on a recognised stock exchange.
 
It was also required to file a prospectus, among others, which it failed to do.
 
"The company is engaged in fund mobilising activity from the public, through the offer of NCDs, and as a result of such activity has violated the provisions... of the Companies Act," SEBI said in an interim order.
 
Accordingly, SEBI has restrained the company and its directors from mobilising any fresh "funds from investors through the offer of NCDs or through the issuance of equity shares or any other securities to the public, and/or invite subscription, in any manner whatsoever, either directly or indirectly till further directions".
 
Further, the firm and its directors have been barred from issuing any offer document or advertisement for soliciting money from the public for the issue of securities.
 
They have been restrained from accessing the securities markets, SEBI said.
 
The capital market watchdog also asked the entities not to dispose any of the properties or assets acquired by that company without prior permission from the regulator as well as not to divert the funds raised from the public.
 
In addition, SEBI has prohibited debenture trustee -- Aspen Debenture Trust (represented by trustee Raju Sarkar), from continuing with its assignment in respect of NCDs issue of the company. The regulator also barred it from taking up any new assignment in a similar capacity till further directions.
 
This order "shall take effect immediately and continue to be in force till further directions".
 

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